A number of other research firms have also weighed in on ENBL. Zacks Investment Research lowered shares of Enable Midstream Partners from a buy rating to a hold rating in a report on Friday, January 11th. Mizuho raised shares of Enable Midstream Partners from a neutral rating to a buy rating and raised their target price for the company from $17.00 to $18.00 in a report on Monday, May 6th. Finally, Stifel Nicolaus raised shares of Enable Midstream Partners from a hold rating to a buy rating and set a $17.00 price objective for the company in a research note on Thursday, February 21st. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $17.57.
ENBL traded down $0.06 during trading on Friday, reaching $14.16. 729,200 shares of the company traded hands, compared to its average volume of 549,764. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.21 and a quick ratio of 0.18. Enable Midstream Partners has a 12-month low of $12.31 and a 12-month high of $19.27. The firm has a market cap of $6.18 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 2.21 and a beta of 1.35.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Tuesday, May 21st will be paid a dividend of $0.318 per share. This represents a $1.27 annualized dividend and a yield of 8.98%. The ex-dividend date is Monday, May 20th. Enable Midstream Partners’s payout ratio is 114.41%.
In other Enable Midstream Partners news, insider Thomas L. Levescy sold 40,000 shares of Enable Midstream Partners stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $14.82, for a total transaction of $592,800.00. Following the completion of the transaction, the insider now directly owns 52,963 shares of the company’s stock, valued at $784,911.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Large investors have recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its position in shares of Enable Midstream Partners by 128.8% during the fourth quarter. Advisor Group Inc. now owns 1,865 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 1,050 shares during the last quarter. Cresset Asset Management LLC bought a new stake in shares of Enable Midstream Partners during the first quarter worth $32,000. Rockefeller Capital Management L.P. bought a new stake in shares of Enable Midstream Partners during the first quarter worth $47,000. Jackson Hole Capital Partners LLC bought a new stake in shares of Enable Midstream Partners during the fourth quarter worth $149,000. Finally, First Republic Investment Management Inc. lifted its position in shares of Enable Midstream Partners by 13.1% during the first quarter. First Republic Investment Management Inc. now owns 11,344 shares of the pipeline company’s stock worth $162,000 after purchasing an additional 1,316 shares during the last quarter. Institutional investors and hedge funds own 19.92% of the company’s stock.
About Enable Midstream Partners
Enable Midstream Partners, LP owns, operates, and develops midstream energy infrastructure assets in the United States. The company operates in two segments, Gathering and Processing; and Transportation and Storage. The Gathering and Processing segment provides natural gas gathering, processing, and fractionation services in the Anadarko, Arkoma, and Ark-La-Tex basins, as well as crude oil gathering services in the Bakken Shale formation of the Williston Basin for its producer customers.
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